Rakuten Investment Management Inc. purchased a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 218,551 shares of the business services provider's stock, valued at approximately $6,141,000.
Other institutional investors have also recently bought and sold shares of the company. Reflection Asset Management acquired a new position in shares of Copart during the fourth quarter valued at $34,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Copart during the 2nd quarter valued at $25,000. Cache Advisors LLC acquired a new position in shares of Copart in the 1st quarter valued at $31,000. Versant Capital Management Inc lifted its stake in shares of Copart by 110.9% in the 2nd quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock valued at $27,000 after purchasing an additional 498 shares during the period. Finally, Triumph Capital Management boosted its position in shares of Copart by 424.2% in the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider's stock worth $40,000 after purchasing an additional 823 shares during the last quarter. Institutional investors own 85.78% of the company's stock.
Copart Stock Up 0.7%
CPRT opened at $32.99 on Friday. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11. The company has a fifty day simple moving average of $29.77 and a 200 day simple moving average of $32.47. The stock has a market cap of $30.54 billion, a P/E ratio of 20.49 and a beta of 1.01.
Insider Transactions at Copart
In other Copart news, CEO Jeffrey Liaw sold 27,745 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.49, for a total value of $845,945.05. Following the completion of the transaction, the chief executive officer directly owned 99,641 shares of the company's stock, valued at approximately $3,038,054.09. The trade was a 21.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.60% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Barclays set a $25.00 price objective on Copart and gave the company an "underweight" rating in a report on Wednesday. Stephens restated an "equal weight" rating and set a $35.00 target price on shares of Copart in a research report on Thursday, August 20th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Copart in a research note on Wednesday, July 29th. Freedom Capital upgraded shares of Copart to a "strong-buy" rating in a research report on Friday, June 26th. Finally, Zacks Research lowered shares of Copart from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.50.
Read Our Latest Analysis on CPRT
Copart Company Profile
(
Free Report)
Copart NASDAQ: CPRT is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart's business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.
Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.
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